prescient11

Paulson Rolls The Dice At Taxpayer Expense

inthemoney:

great comment.

Paulson Rolls The Dice At Taxpayer Expense

Somebuddy's upset.

You know this is a good deal for the markets when this clown is upset about it.

GSEs Into Conservatorship: Can Housing Stabilize Now?

"Just because it's government backed doesn't make it good and taking on this much debt doesn't make the treasury's sheets any better either."

What a stupid comment. Government backed is risk-free. You'll see mortgage rates drop now. Watch it happen. Paulson may be a lot of things but he's no dummy and this is all planned.

Fannie & Freddie - and Others - Overstate Their Capital Base

I saw your comment about the mall from the Blues Brothers in Harvey, Illinois. Right outside of Chicago. Too funny how far you will go to make your bearish comparisons. "Of course" there was a disclaimer, but it simply points you out for what you really are - uber-bearish without an open mind as to what will happen. Sorry, but I gotta follow Cramer on this one. All that's needed is time, and they can delay this for long enough for most to make it out just fine. Perhaps you should revisit some of your analyses.

Problematic GSE Bailout

Gross and Greenspan talk their book and make a ton of money. The game continues. I agree, debt holders should f'ing suffer too, they were just as bad as this author points out.

Excellent point.

Financials and Housing: The Outlook Remains Ugly

$600B in losses have already been recognized, at least. Let's keep the numbers right.

Fannie and Freddie: The Heat Is On

Greenspan is talking his book, so is PIMCO, why oh why is that never disclosed. Has anyone done an actual forensic analysis of FRE or FNM though? I would like to understand why exactly they are destined to fail. thanks

Greenspan & PIMCO: A Gross Conflict of Interest

Greenspan contributed in a big way to the current mess, why should anyone listen to this blowhard.

Fannie May: The Day That Alt-A Died

This guy is such a genius, no. It'll be fun when these smug SOBs realize the sky hasn't quite fallen yet.

Is the U.S. Banking System Safe?

Bearfund, I agree, I'm at a loss on WFC as well. Stock may even be overvalued, who knows there.

What I do know, however, is that they are not falling off a cliff and the rumors of their death had been very exaggerated.

This leads to my hypothesis that negative home values are not a direct correlation, or even a strong correlation, between the very large loss estimates the author cites and current forecasts.

we'll see how the construction loans go.

Is the U.S. Banking System Safe?

There will be more losses, but the end is not at hand. If you had bothered to review WFC's quarterly release, even accounting for their 180 day change on the chargeoff for the HELOCs, they are making money.

Imho, where uber-bears make the greatest mistake is that they believe people have a stop-loss on their house. This is not the case. Negative equity only becomes a factor when one cannot or chooses not to make the payment on the house. Thank God moving is such a pain.

More losses are likely, and many investment banks holding leveraged instruments are likely holding their losses. Whether it's a trillion, or a few more hundred billion, I don't know.

The housing rescue bill is more important than many, many, realize. GS estimated that US banks will have to raise $65B of capital. The housing bill just injected $300B onto banks balance sheets, and this should affect some downstream CDOs and other instruments as well.

Of the much-maligned baseball analogy, in my view we are likely in the bottom of the seventh inning.

The world is not ending, financials will still be around. Take a hard look at WFC's earnings release, and then you will know why it went up 22% in one day and much higher in the days that followed.

Guess what, with all the dire predictions they were still making money. Even if you put all their home equity losses on the books, that is still the case. Enjoy the summer, take the kids to the lake.

The SEC Panics

Listen genius, perhaps you're panicking with your own naked shorts. This is a ridiculous practice manipulated by hedge funds that are literally destroying some companies.

Naked shorting should be banned in all companies, end of story.